Augmentin. Augmentin indications. Augmentin used for. Augmentin for pneumonoia….

Instead of the government buying the “bad” paper, why not set up a loan program or better yet an program where the financial institutions buy insurance against “worthless”paper?”

So they’re setting themselves up for some other kind on hinkey maneuver to get around the “all appropriations must originate in the House” provision.

Hey, Rocky, watch me pull a rabbit outta my hat! (Again?)

Can we please, please stop calling it a ‘bailout’? It’s not. It is a (your adjective here) solution to the credit crunch – you know, this situation in which we find ourselves in. The one where banks are sitting in vaults full of cash, a la Scrooge McDuck, and refusing to lend any to each other or to pretty much anyone else.

The MSM have taken to calling it, incorrectly, a “Wall Street bailout,” which combines ignorance and demagoguery, and which lends itself nicely to brainwashing students:

Tauheedah Baker-Jones teaches world history at Newark’s Science Park High School, but with America caught in its worst financial crisis since the Great Depression, she figured maybe the Crusades could wait.

So this week she had her sophomores submerge themselves in media coverage of the debate over Washington’s $700 billion Wall Street bailout plan, then resurface for some lively give-and-take.

Y’see? “Wall Street bailout.” And how do tomorrow’s legislators, journalists, and other indoctrinated students feel about that?

“I don’t think we should bail them out. It’s just putting money into rich people’s pockets,” said Janique Sanders.

“Why should the taxpayers give money to the rich?” asked Jaime Reynoso. “You know, these people are so rich, it’s hilarious.”

And my absolute favorite quote:

Unimpressed by this cascade of falling financial dominoes, Devane Murphy, like nearly all his classmates, is dead set against any bailout.

“Paying money to bail out companies will just lead to a more capitalist society, and capitalism is bad and oppressive,” Devane said. “We should build up our power as a country by paying off our debts instead of bailing out people who are obviously hurting the public.”

Yes, ladies and germs, those are tomorrow’s leaders. The one who will follow in the footsteps of The One: as ignorant of economics as Nancy Pelosi, Barney Frank, and the rest of the knee-jerk tax-the-rich crowd that helped us get to where we are today: on the edge of the financial abyss.

So please, please, stop giving the MSM any more help. They don’t need it.

Oh, and lest you doubt my cutting remark about today’s journalists, she said that

the government took control of insurer American International Group

I will award 70 billion points to the first poster who can tell me why that statement – which betrays the usual MSM ignorance of finance – is flat-out wrong.

Um, excuse me.

What is the Senate going to vote on?

All spending bills must originate in the House of Representatives. The House voted down their bailout bill.

So, like, what is the Senate voting on here?

They’re going to be playing an interesting game of brinksmanship with this.

The government’s Fiscal Year ended yesterday. To keep the government running in the absence of a passed budget, what it typically passed is a “continuing resolution”… intended to be a stop-gap measure to keep things funded short-term.

The House passed a continuing resolution earlier this week (at about 345 pages, giving members only 24 hours to read it, and larding it up with 19.1 billion in pork). To complete the process, the Senate votes on their version of the CR, differences are hammered out in committee, and then sent to the President for signature.

The brinksmanship will come with the Senate attaching the “rescue plan” to the continuing resolution. This way, they don’t “originate” the spending (the House did that with the CR), they just extend the scope of it. If they pass a CR with the bailout/rescue rolled into it, and kick it back to the House, then either the House has to pass it or risk a government shutdown.

Stand by for fireworks starting at sundown.

Okay yesterday I got 4 to 5 offers for Mortgages new or help. Now I am getting the same thing today, along with Credit Card offers and the last one a Car Loan. This is just this morning, filling up my Spam box. Our Credit Dried up in this country. Somebody needs to get the message out GRIN.

Dr Evil on October 1, 2008 at 9:14 AM

indeed…I am getting offers for unsecured loans to secure my unsecured credit card debt….

“security” must be drying up…

The long term effects might be more Democrats with more programs. I think I failed to make that clear in my previous post. I know that too often we mistake short and long term goals.

Terrye on October 1, 2008 at 7:27 AM

The longterm impact of a nice trillion dollar “free money” day for the markets will be another trillion dollar free money day.

Franklin Raines and Jamie Gorelick each got almost 100 million from this mess….did you get your cut of the free money?

Not me. I am going to stand with the USA.

Terrye on October 1, 2008 at 7:22 AM

If the USA ever becomes the USSA then the deal is over as far as I’m concerned. I am not an American because of an accident of geography I am an American because of the Constitution and the Bill of Rights. A “leader” cannot enact hard scoialism without violating the two documents.

Barry has openly violated the notions of the first with his troof squads, I am fairly willing to bet he is willing to violate the second once elected. I’ll do everything in my power to stop him legally and if/when the writing is on the wall for freedom I’ll move to Texas and start over.

Not me. I am going to stand with the USA.

There is a shift in the polls (as much as you can trust them anyway). Palin will most likely do wellat the debate Thursday night. America will watch it and she will pass the test. Then, the media will contort themselves in an all out effort to find fault. I think it is THIS that will be the straw that breaks the media’s back. America can forgive much but we HATE being played the fool and we LOVE to bring the mighty back down to earth.

skree on September 30, 2008 at 8:21 PM

Totally agree. I had the thought earlier this evening that America loves cheering for a winner only slightly more than we love to see the proud and arrogant get their just comeupance.

It’s time for the dems and their media enablers to fall from grace in the eyes of the American People and become the objects of ridicule they so richly deserve.

U.S. News and World Report claims that some House Republicans are prepared to let the credit markets twist until after the election because “[w]e cannot see at this moment any movement by voters that they would tell their members who voted ‘no’ to change their vote to ‘yes.’”

Really?

Yeah, really. You’re delusional.

Jesse Jackson, Jr. – my House Rep – will:

- not change his vote to ‘yea’, and
- will not suffer so much as a 1% drop in his 85% – 12% margin of victory from two years ago?

then cut out the freaks as middlemen and vote Bambi….

Instead of making the same mistakes over and over? Instead of rewarding them ? Heck, even Bambi is subjected to an open season.

“Always vote for principle, though you may vote alone, and you may cherish the sweetest reflection that your vote is never lost.” — John Quincy Adams

And can somebody please explain why interest rates aren’t going up if the credit supply is shrinking???

Except, of course, that Ben won’t allow it?

Price controls cause shortages. Economics 101.

angelat0763 on September 30, 2008 at 10:51 PM

Short term inter-bank rates have skyrocketed… like from 3% to 7% from one day to the next (or there abouts according to a piece on tv earlier). BUT credit is still available…

CC

And can somebody please explain why interest rates aren’t going up if the credit supply is shrinking???

Except, of course, that Ben won’t allow it?

Price controls cause shortages. Economics 101.

angelat0763 on September 30, 2008 at 10:51 PM

because we live in Chimpy McShrub’s “pure capitalism” machine……

//sarc

Don’t care. The GOP doesn’t deserve my vote any more.

angelat0763 on September 30, 2008 at 10:48 PM

then cut out the freaks as middlemen and vote Bambi….

Except, of course, that Ben won’t allow it?

Price controls cause shortages. Economics 101.

means we go socialist faster not slower….quickest way to go EUtopia junior is coalition democracy.

Don’t care. The GOP doesn’t deserve my vote any more.